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What is the amount to be expensed by bankstown limited

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Bankstown Limited was involved in a highly successful plastics manufacturing business. It commenced a project to design a more efficient extrusion system for its plastic pipes. The following outlays occurred: September: researcher salaries $30 000; October: research materials $40 000; November: re-development of the extrusion plant $250 000; December: final adjustments to the extrusion plant $25 000.

Problem 1: What is the amount to be expensed by Bankstown Limited at the end of the financial year, 31 December?

Reference no: EM132935788

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